TopBuild (NYSE:BLD) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of TopBuild (NYSE:BLDFree Report) from a buy rating to a hold rating in a report issued on Friday morning.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. raised shares of TopBuild from a neutral rating to an overweight rating and upped their price objective for the stock from $312.00 to $387.00 in a research note on Thursday, December 14th. Benchmark upped their price objective on shares of TopBuild from $320.00 to $450.00 and gave the stock a buy rating in a research note on Friday, March 1st. Bank of America boosted their target price on shares of TopBuild from $410.00 to $475.00 and gave the stock a buy rating in a report on Thursday, March 14th. DA Davidson began coverage on shares of TopBuild in a report on Tuesday, March 5th. They issued a buy rating and a $470.00 target price for the company. Finally, Loop Capital upgraded shares of TopBuild from a hold rating to a buy rating in a report on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $392.80.

Check Out Our Latest Stock Analysis on BLD

TopBuild Stock Performance

BLD opened at $438.46 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.13 and a beta of 1.66. The company’s 50 day moving average is $400.42 and its 200 day moving average is $333.52. TopBuild has a 12-month low of $184.50 and a 12-month high of $447.20.

TopBuild (NYSE:BLDGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, beating the consensus estimate of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $4.40 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts predict that TopBuild will post 20.86 EPS for the current year.

Hedge Funds Weigh In On TopBuild

Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. increased its holdings in TopBuild by 103.9% in the 3rd quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company’s stock worth $2,223,000 after buying an additional 4,503 shares during the period. Pacer Advisors Inc. increased its holdings in TopBuild by 74.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,277 shares of the construction company’s stock worth $2,349,000 after buying an additional 2,677 shares during the period. Teza Capital Management LLC acquired a new position in TopBuild in the 3rd quarter worth approximately $722,000. Nordea Investment Management AB acquired a new position in TopBuild in the 4th quarter worth approximately $222,000. Finally, Symmetry Partners LLC acquired a new position in TopBuild in the 4th quarter worth approximately $714,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Company Profile

(Get Free Report)

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.

Further Reading

Analyst Recommendations for TopBuild (NYSE:BLD)

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